Early Fall Sees Rise in Home Sales

PORTLAND, ME Sales of existing homes rose by 6.13% last month compared with numbers from the same month a year ago according to latest statistics from Maine Listings.

September also saw a rise in the median sales price (MSP) to $188,038 which is up 1.4% over last year. The MSP indicates that half of the homes were sold for more and half sold for less than the median.

The National Association of Realtors (NAR) reported a 0.6% rise in sales nationwide with an MSP of $235,700, up 5.6% compared to last September 2015. Home sales in the regional Northeast jumped 5.7%, and the MSP rose 2.1% to $261,600.